CredResolve Raises $1.1 Mn Funding Led By UNLEASH Capital Partners

CredResolve, an AI-driven collections platform has raised $1.1 million in a seed funding round led by UNLEASH Capital Partners, with participation from CDM Capital.

CredResolve plans to use the funds to expand its partnerships with over 25 financial institutions, improve its AI technology, and grow its presence in multiple cities, the company said in a press release.

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“This investment aligns with our commitment to backing visionary entrepreneurs who are redefining financial services in India,” said Natsuki Sugai, Founder and Managing Partner at UNLEASH Capital Partners.

“CredResolve stood out due to its AI-driven approach, rapid traction with lenders, and a leadership team that brings a strong blend of technological innovation and financial industry expertise," he added.

Davesh Manocha, Founder and Managing Partner at CDM Capital said "The growing adoption of AI in debt collection is revolutionizing traditional practices, making them more efficient and less intrusive and Credresolve stands at the forefront of this transformation."

UNLEASH Capital Partners is a Japanese venture capital firm that invests in early-stage fintech and financial services companies in India. It focuses on promoting financial inclusion and has supported companies like Ayekart, CredRight and LetzRyd.

About CredResolve

The Gurugram-based CredResolve, founded in 2023 by Balaji Koustubha, G Prashant Kumar, and Vijay Kumar, is an AI-based platform that helps improve the debt collection process in India. It combines technology with regulatory requirements to help financial institutions collect debts more effectively, reduce inefficiencies, and improve the experience for borrowers.

The company aims to change the way debt recovery is done by using AI to automate processes, improve communication with borrowers, and ensure compliance with regulations set by the Reserve Bank of India (RBI). This approach helps increase recovery rates while making the process more efficient, tackling a key issue in India’s financial sector.

CredResolve currently works with over 20 lenders, including banks, fintech companies, Non-Banking Financial Companies (NBFCs), and Asset Reconstruction Companies (ARCs). The startup generates about $1 million in annual revenue and plans to triple that amount next year.

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